Item 2. Properties
Item 2. Properties
The following table provides information concerning Summit’s principal leased facilities as of December 31, 2023:
We maintain the following leased properties:
Type/Uses Location Size Lease Expiration
Executive office Oxfordshire, United Kingdom 6,781 square feet February 2027
Executive office Menlo Park, California, United States 17,760 square feet
May 2026
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We signed a lease agreement on January 8, 2024 for executive office space for our new headquarters in Miami, Florida. The office space is approximately 9,000 square feet. The term of the lease is 64 months. Total payments for this office space is approximately $5,100 over the term of the lease.
We believe our facilities are suitable and adequate to meet our needs.
Item 3. Legal Proceedings
From time to time, we may become involved in legal proceedings arising in the ordinary course of our business. We are not currently subject to any material legal proceedings.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.